Finance News: Latest Financial News, Finance News today in Bangladesh

Eight-month outbound jobs decline by 38pc

The number of outbound workers dropped by about 38 per cent in the last eight months of the current calendar year, compared to the same period of the last year.According to the data available with the Bureau of Manpower, Employment and Training (BMET), over 0.5 million (500,694) workers went abroad...

Aug remittance flow rises 7.0pc

The flow of remittances grew by more than 7.0 per cent in August as expatriates sent increased amount of money on the occasion of Eid-ul-Azha.The money sent home by Bangladeshis working abroad amounted to $ 1.41 billion in August 2018, up by $ 92.87 million from the previous month's level,...

Four-day textile, garment expos begin in city on Sept 12

A four-day textile and garment exposition will begin in the city on September 12 to showcase the latest products and emerging technologies for the textile and garment industry.The Conference and Exhibition Management Services Ltd (CEMS-Global) will organise three expositions titled Textech, Yarn & Fabric and DyeChem at the International Convention...

BD needs to 'diversity products, design'

Bangladeshi entrepreneurs need to focus more on diversified products and design development to attract more foreign buyers, said a top official of a Germany-based fair organising company."Bangladeshi goods have been becoming popular among the European customers," said Stephan Kurzawski, senior vice-president for consumer, goods and board member of the Messe...

"Regional connectivity: Opportunities and challenges"

Former adviser to caretaker government Dr. Hossain Zillur Rahman posing for photos with others at the seminar organised by the National Defence College (NDC) at Mirpur Cantonment in collaboration with Bangladesh Institute of International and Strategic Studies (BIISS) and Bangladesh Enterprise Institute (BEI) on "Regional connectivity: Opportunities and challenges" on...

Traders queue up to import rock salt

Private-sector traders are persuading the government to allow them to import salt as the country has a huge deficit of such a key essential item, industry insiders said.A number of applications have been submitted to the commerce ministry, seeking permission for importing rock salt and the number of applications continues...

Runner Group opens day-care centre

Runner Group of Companies has launched a day-care centre titled "Color Pencil' for the children of the employees of the organization, says a press release.Chairman of the Group Hafizur Rahman Khan inaugurated the Centre as the chief guest at a ceremony at the head office of the Group at Tejgaon...

News Briefs-(5-9-2018)

Three CCCI leaders get CIP statusCHATTOGRAM, Sep 4: Chittagong Chamber of Commerce and Industry President Mahbubul Alam and two directors of the trade body were nominated CIPs (Commercially Important Persons) for the year 2015. The CCCI directors are Anjan Shekhar Das, Managing Director of RSI Apparels Ltd, Bengal Towel Industries...

China-Europe freight train service growing under BRI

The China-Europe freight train service carrying containers from both ends is gaining popularity as China has made direct rail service a major feature of its Belt and Road Initiative (BRI) encouraging other BRI countries to follow suit, officials said, reports UNB."Some 1400 cargo trains departed from Urumqi to European destinations...

Caitong goes live with Horizon for options trading on SSE

Horizon Software (Horizon) said on Tuesday the China-based securities firm Caitong Securities has gone live with its Options Trading platform to trade SSE 50 ETF options on the Shanghai Stock Exchange (SSE).The leading global technology provider for electronic trading and investment management announced this in a Media OutReach-forwarded statement.Founded in...

EU presidency pushes talks on raising interest rates

BRUSSELS, Sept 04 (Reuters): The Austrian presidency of the European Union (EU) has asked the bloc's finance ministers and central bankers to discuss a hike in interest rates in meetings to be held later this week in Vienna.In a move that could be seen as a partial encroachment on the...

Japan PM to raise sales tax 'by all means'

TOKYO, Sept 04 (Reuters): Japanese Prime Minister Shinzo Abe vowed to proceed with next year's scheduled sales tax hike "by all means" and take steps to ease an expected hit to consumption from the higher levy, the Nikkei newspaper reported on Tuesday.Abe said his ruling Liberal Democratic Party (LDP) won...

Central banks still navigate uncharted territory

FRANKFURT AM MAIN, Sept 04 (AFP): The collapse of US investment giant Lehman Brothers 10 years ago forced central banks to take unprecedented steps to help rescue the global economy, thrusting them into uncharted territory they are still navigating.Acting as firefighters-in-chief, central banks pushed the boundaries of their mandates by...

Australia puts rates on hold at record low

SYDNEY, Sept 04 (AFP): Weak inflation, sluggish wage growth and high levels of household debt saw Australia's central bank keep interest rates on hold at a record low on Tuesday.The Reserve Bank of Australia slashed the cash rate from November 2011 to August 2016 to 1.50 per cent to boost...

Russia to supply US with new rocket engines

MOSCOW, Sept 04 (Reuters): Russian engine maker Energomash has signed a new contract to supply four RD-181 rocket engines to US aerospace firm Orbital ATK by 2021 for its Antares rocket, the Kommersant newspaper wrote on Tuesday.The new contract comes despite Russian lawmakers suggesting Russia could stop selling the US...